Harvest Fund Management Co. Ltd Purchases Shares of 1,190 Burlington Stores Inc (BURL)

Harvest Fund Management Co. Ltd purchased a new stake in Burlington Stores Inc (NYSE:BURL) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,190 shares of the company’s stock, valued at approximately $194,000.

A number of other hedge funds also recently modified their holdings of the stock. People s United Financial Inc. increased its position in Burlington Stores by 0.5% in the 2nd quarter. People s United Financial Inc. now owns 60,086 shares of the company’s stock valued at $9,045,000 after acquiring an additional 324 shares during the period. Aperio Group LLC increased its position in Burlington Stores by 2.9% in the 3rd quarter. Aperio Group LLC now owns 16,220 shares of the company’s stock valued at $2,643,000 after acquiring an additional 454 shares during the period. Campbell & CO Investment Adviser LLC increased its position in Burlington Stores by 30.5% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 2,000 shares of the company’s stock valued at $301,000 after acquiring an additional 467 shares during the period. Financial Architects Inc increased its position in Burlington Stores by 23.0% in the 3rd quarter. Financial Architects Inc now owns 2,625 shares of the company’s stock valued at $428,000 after acquiring an additional 491 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in Burlington Stores by 6.2% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,295 shares of the company’s stock valued at $1,677,000 after acquiring an additional 600 shares during the period.

Several brokerages recently issued reports on BURL. Wedbush cut Burlington Stores from an “outperform” rating to a “neutral” rating and set a $175.00 price target on the stock. in a research report on Friday. Citigroup boosted their price target on Burlington Stores from $147.00 to $158.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. SunTrust Banks boosted their price target on Burlington Stores to $189.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Telsey Advisory Group boosted their price target on Burlington Stores from $170.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 24th. Finally, Wells Fargo & Co boosted their price target on Burlington Stores from $165.00 to $178.00 and gave the company an “outperform” rating in a research report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the stock. Burlington Stores presently has a consensus rating of “Buy” and a consensus price target of $172.75.

Shares of BURL opened at $173.19 on Friday. Burlington Stores Inc has a twelve month low of $96.04 and a twelve month high of $177.88. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 1.33 and a beta of 0.37. The company has a debt-to-equity ratio of 7.54, a quick ratio of 0.29 and a current ratio of 1.05.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.19. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts expect that Burlington Stores Inc will post 6.22 EPS for the current year.

In other news, insider Fred Hand sold 4,071 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $172.42, for a total transaction of $701,921.82. Following the sale, the insider now owns 68,203 shares of the company’s stock, valued at approximately $11,759,561.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John Crimmins sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $173.55, for a total value of $381,810.00. The disclosure for this sale can be found here. Insiders sold a total of 90,342 shares of company stock worth $14,575,862 in the last ninety days. 1.91% of the stock is owned by corporate insiders.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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